Donald Trump owes an additional $87,502 in interest every day until he pays the $354 million fine in his civil fraud case, according to ABC News' calculations.

Former President Donald Trump owes an additional $87,502 in post-judgment interest every day until he pays the $354 million fine ordered by Judge Arthur Engoron in his civil fraud case, according to ABC News’ calculations based on the judge’s lengthy ruling in the case.

Judge Engoron on Friday fined Trump $354 million plus approximately $100 million in pre-judgment interest in the civil fraud case brought by New York Attorney General Letitia James, after he found that Trump and his adult sons had inflated Trump’s net worth in order to get more favorable loan terms. The former president has denied all wrongdoing and has said he will appeal.

Engoron ordered Trump to pay pre-judgment interest on each ill-gotten gain – with interest accruing based on the date of each transaction – as well as a 9% post-judgment interest rate once the court enters the judgment in the case.

    • TehWorld@lemmy.world
      1·
      9 months ago

      Absolutely. Putin is said to be a trillionaire. The difference between Trump’s net worth and Putin’s is “about a trillion”. Putin is just going to purchase the US by bankrolling Trump and the Republican party.

      • Hathaway@lemmy.zipEnglish
        1·
        9 months ago

        Net worth ≠ liquid cash. Just like Elon Musk never has the cash for the shit he says he’s going to buy. Putin is not some 4D chess player.

        • TehWorld@lemmy.world
          2·
          9 months ago

          Yet, Musk (along with a bunch of financiers) did actually pay 44Bn for something…

          It doesn’t take a 4D chess player to realize that .05% of one’s net worth would be a good ROI to own the President (again). Putin has such a deep grasp on not only his own country’s wealth, but it’s also no 4D chess move for Putin to shell-company a few tens-of-billions here and there all over the world before invading his neighbor. The hard part is that Trumps finances are being watched pretty closely, so getting the rubles to him without raising suspicion is the 4D chess part.

          • Hathaway@lemmy.zipEnglish
            1·
            9 months ago

            The man is stuck in a political-suicide quagmire from being surrounded by yes men. His politically savvy days are behind him, he’s flailing desperately while attempting to hold power. I do not envy the position he’s in, but, dictatorship will do that. I will admit, he used to be extremely politically adept, but, I highly doubt the intelligence services around him anymore.